Use the Statutory-Currency Utility (36.25.90) to change the statutory currency code of a domain to a different currency, even after transactions have been posted in the domain. The utility reinitializes the statutory currency amount fields for all transactions in the domain.

The utility uses Statutory exchange rates, if available, to convert all transactions in the domain to statutory currency. To perform this process, ensure that exchange rates exist from all the transaction currencies to the statutory currency for all dates for which there are transactions in the domain. This process is resource intensive so the timing must be carefully planned. The new statutory currency values are equivalent to the transaction currency amounts converted using the Statutory exchange rate valid on the posting date of the transaction. If the system cannot find a statutory exchange rate that is valid for that date, it reverts to using the Accounting exchange rate, if the Fallback to Accounting field in Exchange Rate Type Create (26.3.1) is selected for the statutory exchange rate. For more information on currencies and exchange rates, see QAD Financials User Guide.

Before you run the Statutory-Currency Utility, stop the History daemon and the Balance daemon. It is also recommended that you increase the time-out parameter in the homeserver.config file, so that the UI does not time out and disconnect during the session. This recommendation displays on screen when you start the statutory currency conversion. See Statutory-Currency Utility, Processing Confirmation.